NPORT-EX 2 iShsEvolvedUSFinancialsETF.htm iShares Evolved US Financials ETF

Schedule of Investments  (unaudited) 

October 31, 2019

   

iShares® Evolved U.S. Financials ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

 

  
Banks — 44.7%        

Ameris Bancorp.

     64     $ 2,742  

Associated Banc-Corp.

     347       6,978  

Atlantic Union Bankshares Corp.

     140       5,160  

BancFirst Corp.

     46       2,663  

BancorpSouth Bank

     120       3,680  

Bank of America Corp.

     7,625       238,434  

Bank of Hawaii Corp.

     94       8,207  

Bank of New York Mellon Corp. (The)

     1,290       60,307  

Bank OZK

     226       6,342  

BankUnited Inc.

     216       7,409  

Banner Corp.

     52       2,807  

BB&T Corp.

     1,346       71,405  

BOK Financial Corp.

     53       4,089  

Bryn Mawr Bank Corp.

     63       2,401  

Cathay General Bancorp.

     180       6,403  

CenterState Bank Corp.

     173       4,387  

CIT Group Inc.

     167       7,163  

Citigroup Inc.

     2,844            204,370  

Citizens Financial Group Inc.

     830       29,183  

City Holding Co.

     40       3,174  

Columbia Banking System Inc.

     153       6,013  

Comerica Inc.

     281       18,383  

Commerce Bancshares Inc.

     200       12,872  

Community Bank System Inc.

     114       7,727  

ConnectOne Bancorp. Inc.

     76       1,845  

Cullen/Frost Bankers Inc.

     118       10,629  

CVB Financial Corp.

     244       5,070  

Eagle Bancorp. Inc.

     67       3,024  

East West Bancorp. Inc.

     288       12,361  

Enterprise Financial Services Corp.

     58       2,540  

Fifth Third Bancorp.

     1,377       40,043  

First BanCorp./Puerto Rico

     384       4,040  

First Bancorp./Southern Pines NC

     71       2,680  

First Busey Corp.

     112       2,953  

First Citizens BancShares Inc./NC, Class A

     15       7,379  

First Commonwealth Financial Corp.

     268       3,776  

First Financial Bancorp.

     210       4,922  

First Financial Bankshares Inc.

     284       9,452  

First Hawaiian Inc.

     121       3,307  

First Horizon National Corp.

     652       10,412  

First Interstate BancSystem Inc., Class A

     83       3,483  

First Midwest Bancorp. Inc.

     230       4,724  

FNB Corp.

     695       8,382  

Fulton Financial Corp.

     382       6,517  

Glacier Bancorp. Inc.

     173       7,321  

Goldman Sachs Group Inc. (The)

     522       111,384  

Great Western Bancorp. Inc.

     127       4,428  

Hancock Whitney Corp.

     169       6,591  

Hanmi Financial Corp.

     78       1,501  

Heartland Financial USA Inc.

     71       3,321  

Heritage Financial Corp./WA

     75       2,065  

Hilltop Holdings Inc.

     160       3,738  

Home BancShares Inc./AR

     318       5,877  

Hope Bancorp Inc.

     282       4,024  

Huntington Bancshares Inc./OH

     1,901       26,861  

IBERIABANK Corp.

     112       8,220  

Independent Bank Corp.

     58       4,761  

Independent Bank Group Inc.

     43       2,299  
Security   Shares     Value  
Banks (continued)            

International Bancshares Corp.

     134     $ 5,489  

JPMorgan Chase & Co.

     1,950       243,594  

KeyCorp.

     1,838       33,029  

Lakeland Bancorp. Inc.

     132       2,185  

Lakeland Financial Corp.

     67       3,119  

LegacyTexas Financial Group Inc.

     91       3,871  

M&T Bank Corp.

     119       18,627  

Meta Financial Group Inc.

     57       1,805  

Morgan Stanley

     1,897       87,357  

National Bank Holdings Corp., Class A

     71       2,442  

NBT Bancorp. Inc.

     113       4,492  

Northern Trust Corp.

     373       37,181  

OFG Bancorp.

     94       1,909  

Old National Bancorp./IN

     329       5,920  

PacWest Bancorp.

     229       8,471  

Park National Corp.

     33       3,341  

Pinnacle Financial Partners Inc.

     147       8,647  

Popular Inc.

     194       10,565  

Prosperity Bancshares Inc.

     143       9,870  

Regions Financial Corp.

     1,909       30,735  

Renasant Corp.

     114       3,956  

S&T Bancorp. Inc.

     84       3,163  

Sandy Spring Bancorp. Inc.

     78       2,691  

Seacoast Banking Corp. of Florida(a)

    99       2,772  

ServisFirst Bancshares Inc.

     94       3,290  

Simmons First National Corp., Class A

     177       4,234  

South State Corp.

     82       6,467  

Southside Bancshares Inc.

     85       2,928  

State Street Corp.

     623       41,162  

SunTrust Banks Inc.

     811       55,424  

SVB Financial Group(a)

    95       21,041  

Synovus Financial Corp.

     324       10,974  

TCF Financial Corp.

     279       11,046  

Texas Capital Bancshares Inc.(a)

    54       2,919  

Tompkins Financial Corp.

     38       3,325  

Trustmark Corp.

     72       2,471  

U.S. Bancorp.

     2,552       145,515  

UMB Financial Corp.

     94       6,134  

Umpqua Holdings Corp.

     398       6,296  

United Community Banks Inc./GA

     128       3,867  

Valley National Bancorp.

     594       6,879  

Webster Financial Corp.

     186       8,203  

Wells Fargo & Co.

     4,587       236,827  

WesBanco Inc.

     103       3,872  

Westamerica Bancorp.

     61       4,027  

Western Alliance Bancorp.

     152       7,498  

Wintrust Financial Corp.

     116       7,403  

Zions Bancorp. N.A.

     385       18,661  
   

 

 

  
        2,217,923  
Commercial Services — 4.5%  

Automatic Data Processing Inc.

     221       35,853  

CoreLogic Inc.(a)

    64       2,591  

Equifax Inc.

     78       10,663  

Euronet Worldwide Inc.(a)

    25       3,502  

FleetCor Technologies Inc.(a)

    42       12,357  

FTI Consulting Inc.(a)

    21       2,286  

Global Payments Inc.

     215       36,374  

Green Dot Corp., Class A(a)

    57       1,644  

HealthEquity Inc.(a)

    37       2,101  

Insperity Inc.

     29       3,063  
 

 

 

1

Schedule of Investments  (unaudited) (continued)

October 31, 2019

   

iShares® Evolved U.S. Financials ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Commercial Services (continued)  

MarketAxess Holdings Inc.

     30     $ 11,058  

Moody’s Corp.

     141       31,117  

Morningstar Inc.

     17       2,751  

S&P Global Inc.

     155       39,989  

Service Corp. International/U.S.

     111       5,048  

Verisk Analytics Inc.

     127       18,377  

WEX Inc.(a)

    37       7,000  
   

 

 

  
           225,774  
Computers — 0.1%            

Genpact Ltd.

     66       2,585  
   

 

 

  
Diversified Financial Services — 15.5%  

Affiliated Managers Group Inc.

     61       4,873  

Ally Financial Inc.

     685       20,982  

American Express Co.

     855       100,274  

Ameriprise Financial Inc.

     210       31,687  

Ares Management Corp., Class A

     76       2,247  

Artisan Partners Asset Management Inc., Class A

     70       1,915  

BGC Partners Inc., Class A

     217       1,128  

Boston Private Financial Holdings Inc.

     128       1,440  

Capital One Financial Corp.

     723       67,420  

Cboe Global Markets Inc.

     101       11,630  

Charles Schwab Corp. (The)

     1,668       67,904  

CME Group Inc.

     230       47,323  

Credit Acceptance Corp.(a)

    20       8,756  

Discover Financial Services

     422       33,870  

E*TRADE Financial Corp.

     399       16,674  

Eaton Vance Corp., NVS

     167       7,615  

Evercore Inc., Class A

     38       2,798  

Federated Investors Inc., Class B

     132       4,216  

Franklin Resources Inc.

     415       11,433  

Interactive Brokers Group Inc., Class A

     71       3,377  

Intercontinental Exchange Inc.

     459       43,293  

Invesco Ltd.

     336       5,652  

Janus Henderson Group PLC

     264       6,106  

Jefferies Financial Group Inc.

     355       6,628  

KKR & Co. Inc., Class A, NVS

     539       15,539  

Legg Mason Inc.

     140       5,216  

LendingTree Inc.(a)

    5       1,799  

LPL Financial Holdings Inc.

     116       9,377  

Mastercard Inc., Class A

     261       72,247  

Moelis & Co., Class A

     41       1,463  

Nasdaq Inc.

     105       10,476  

Navient Corp.

     271       3,732  

OneMain Holdings Inc.

     116       4,640  

Raymond James Financial Inc.

     218       18,201  

SEI Investments Co.

     153       9,168  

SLM Corp.

     711       6,001  

Stifel Financial Corp.

     123       6,886  

Synchrony Financial

     829       29,322  

T Rowe Price Group Inc.

     294       34,045  

TD Ameritrade Holding Corp.

     303       11,629  

Visa Inc., Class A

     55       9,837  

Waddell & Reed Financial Inc., Class A

     137       2,269  

Western Union Co. (The)

     326       8,170  
   

 

 

  
      769,258  
Electric — 0.1%            

Hawaiian Electric Industries Inc.

     139       6,276  
   

 

 

  
Security   Shares     Value  
Engineering & Construction — 0.1%  

frontdoor Inc.(a)

    55     $ 2,653  
   

 

 

  
Forest Products & Paper — 0.1%  

International Paper Co.

     156       6,814  
   

 

 

  
Health Care – Services — 3.1%  

Anthem Inc.

     133       35,788  

Centene Corp.(a)

    94       4,990  

Cigna Corp.(a)

    275       49,076  

Molina Healthcare Inc.(a)

    33       3,882  

UnitedHealth Group Inc.

     229       57,868  

WellCare Health Plans Inc.(a)

    8       2,373  
   

 

 

  
           153,977  
Household Products & Wares — 0.0%  

Spectrum Brands Holdings Inc.

     8       402  
   

 

 

  
Insurance — 25.2%            

Aflac Inc.

     1,206       64,111  

Alleghany Corp.(a)

    21       16,344  

Allstate Corp. (The)

     536       57,041  

American Financial Group Inc./OH

     139       14,462  

American International Group Inc.

     1,525       80,764  

American National Insurance Co.

     22       2,640  

Aon PLC

     181       34,962  

Arch Capital Group Ltd.(a)

    563       23,511  

Argo Group International Holdings Ltd.

     56       3,465  

Arthur J Gallagher & Co.

     250       22,805  

Assurant Inc.

     74       9,329  

Assured Guaranty Ltd.

     85       3,988  

Athene Holding Ltd., Class A(a)

    201       8,713  

AXA Equitable Holdings Inc.

     366       7,906  

Axis Capital Holdings Ltd.

     134       7,964  

Berkshire Hathaway Inc., Class B(a)

    586       124,572  

Brighthouse Financial Inc.(a)

    154       5,815  

Brown & Brown Inc.

     331       12,472  

Cincinnati Financial Corp.

     297       33,623  

CNA Financial Corp.

     66       2,959  

CNO Financial Group Inc.

     209       3,271  

Employers Holdings Inc.

     56       2,371  

Enstar Group Ltd.(a)

    19       3,817  

Erie Indemnity Co., Class A, NVS

     27       4,975  

Essent Group Ltd.

     131       6,824  

Everest Re Group Ltd.

     71       18,253  

FGL Holdings

     249       2,248  

Fidelity National Financial Inc.

     344       15,769  

First American Financial Corp.

     212       13,097  

Globe Life Inc.(b)

    220       21,413  

Hanover Insurance Group Inc. (The)

     81       10,668  

Hartford Financial Services Group Inc. (The)

     674       38,472  

Horace Mann Educators Corp.

     85       3,703  

Kemper Corp.

     83       5,966  

Kinsale Capital Group Inc.

     39       4,123  

Lincoln National Corp.

     393       22,197  

Loews Corp.

     240       11,760  

Markel Corp.(a)

    19       22,249  

Marsh & McLennan Companies Inc.

     605       62,690  

Mercury General Corp.

     60       2,884  

MetLife Inc.

     1,366       63,915  

MGIC Investment Corp.

     653       8,953  

National General Holdings Corp.

     118       2,516  

Old Republic International Corp.

     379       8,467  
 

 

 

2

Schedule of Investments  (unaudited) (continued)

October 31, 2019

   

iShares® Evolved U.S. Financials ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Insurance (continued)            

Primerica Inc.

     56     $ 7,066  

Principal Financial Group Inc.

     503       26,850  

ProAssurance Corp.

     105       4,118  

Progressive Corp. (The)

     981       68,376  

Prudential Financial Inc.

     738       67,261  

Radian Group Inc.

     374       9,387  

RenaissanceRe Holdings Ltd.

     75       14,038  

RLI Corp.

     90       8,759  

Safety Insurance Group Inc.

     33       3,208  

Selective Insurance Group Inc.

     112       7,741  

Travelers Companies Inc. (The)

     462       60,550  

Universal Insurance Holdings Inc.

     64       1,735  

Unum Group

     424       11,677  

Voya Financial Inc.

     280       15,109  

White Mountains Insurance Group Ltd.(b)

    6       6,426  

Willis Towers Watson PLC

     116       21,680  

WR Berkley Corp.

     283       19,782  
   

 

 

  
        1,251,810  
Internet — 0.1%            

Lyft Inc., Class A(a)

    98       4,061  
   

 

 

  
Machinery — 0.7%            

Caterpillar Inc.

     257       35,415  
   

 

 

  
Media — 0.1%            

FactSet Research Systems Inc.

     16       4,056  
   

 

 

  
Pharmaceuticals — 0.5%            

CVS Health Corp.

     342       22,705  
   

 

 

  
Real Estate — 0.0%            

Realogy Holdings Corp.

     87       686  
   

 

 

  
Real Estate Investment Trusts — 0.7%  

AGNC Investment Corp.

     213       3,632  

Annaly Capital Management Inc.

     930       8,351  

MFA Financial Inc.

     382       2,899  

New Residential Investment Corp.

     268       4,245  

Two Harbors Investment Corp.

     150       2,081  

Weyerhaeuser Co.

     492       14,371  
   

 

 

  
      35,579  
Retail — 0.1%            

FirstCash Inc.

     30       2,532  
   

 

 

  
Savings & Loans — 1.5%            

Axos Financial Inc.(a)

    95       2,760  

Berkshire Hills Bancorp. Inc.

     75       2,327  

Brookline Bancorp. Inc.

     175       2,748  

Capitol Federal Financial Inc.

     292       4,167  
Security   Shares     Value  
Savings & Loans (continued)            

Investors Bancorp. Inc.

     501     $ 6,037  

Meridian Bancorp. Inc.

     113       2,210  

New York Community Bancorp. Inc.

     937       10,916  

Northwest Bancshares Inc.

     224       3,779  

OceanFirst Financial Corp.

     97       2,321  

Pacific Premier Bancorp. Inc.

     95       3,207  

People’s United Financial Inc.

     759       12,273  

Provident Financial Services Inc.

     140       3,493  

Sterling Bancorp./DE

     450       8,842  

Washington Federal Inc.

     174       6,344  

WSFS Financial Corp.

     118       4,976  
   

 

 

  
      76,400  
Software — 2.6%            

Black Knight Inc.(a)

    48       3,082  

Broadridge Financial Solutions Inc.

     90       11,270  

Fidelity National Information Services Inc.

     456       60,082  

Fiserv Inc.(a)

    277       29,401  

MSCI Inc.

     47       11,024  

Paychex Inc.

     121       10,120  

SS&C Technologies Holdings Inc.

     91       4,733  
   

 

 

  
      129,712  
   

 

 

  

Total Common Stocks — 99.7%
(Cost: $4,888,524)

 

     4,948,618  
   

 

 

  

Short-Term Investments

 

Money Market Funds — 0.8%  

BlackRock Cash Funds: Institutional,
SL Agency Shares,
    2.00%(c)(d)(e)

    28,300       28,314  

BlackRock Cash Funds: Treasury,
SL Agency Shares,
    1.74%(c)(d)

    11,000       11,000  
   

 

 

  
      39,314  
   

 

 

  

Total Short-Term Investments — 0.8%
(Cost: $39,314)

 

     39,314  
   

 

 

  

Total Investments in Securities — 100.5%
(Cost: $4,927,838)

 

     4,987,932  

Other Assets, Less Liabilities — (0.5)%

 

     (24,825 ) 
   

 

 

  

Net Assets — 100.0%

     $   4,963,107  
   

 

 

  

 

(a)

Non-income producing security.

(b)

All or a portion of this security is on loan.

(c)

Affiliate of the Fund.

(d)

Annualized 7-day yield as of period-end.

(e) 

All or a portion of this security was purchased with cash collateral received from loaned securities.

 

 

 

3

Schedule of Investments  (unaudited) (continued)

October 31, 2019

   

iShares® Evolved U.S. Financials ETF

 

Affiliates

Investments in issuers considered to be affiliates of the Fund during the three months ended October 31, 2019, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

 

  
Affiliated Issuer   

Shares

Held at

07/31/19

      Net Activity     

Shares

Held at

10/31/19

     

Value at

10/31/19

      Income     

Net Realized

Gain (Loss)

     

Change in

Unrealized

Appreciation

(Depreciation)

  

 

  

BlackRock Cash Funds: Institutional,
SL Agency Shares

      1,489        26,811        28,300      $ 28,314      $ 8 (a)      $ —      $ —  

BlackRock Cash Funds: Treasury,
SL Agency Shares

      24,000        (13,000 )       11,000        11,000        107        —        —  
           

 

 

     

 

 

     

 

 

     

 

 

  
            $ 39,314      $ 115      $ —      $ —  
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

Includes securities lending income earned from the reinvestment of cash collateral from loaned securities (excluding collateral investment fees), net of fees and other payments to and from borrowers of securities, and less fees paid to BTC as securities lending agent.

 

Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at iShares.com and on the U.S. Securities and Exchange Commission website at sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of October 31, 2019. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

 

                                                                   

 

  
     Level 1        Level 2        Level 3        Total  

 

  

Investments

                  

Assets

                  

Common Stocks

    $ 4,948,618        $ —        $ —        $ 4,948,618  

Money Market Funds

      39,314          —          —          39,314  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 4,987,932        $ —        $ —        $ 4,987,932  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

Portfolio Abbreviations — Equity
NVS    Non-Voting Shares

 

 

 

4